Saturday, November 8, 2008

Gbp vs Jpy 1H Update #1


At this moment, price still inside the bearish channel, therefore it still unclear which alt counts that is more favourable. Eventhough, I'm still looking for further bearish continuation trend to complete wave 5 (yellow or magenta) but please be careful for any possibility toward the bullish reversal trend according to the alt count in white. A strong breakout either to the upper or lower trendlines would unfold which trend is more favourable. Good luck.

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